Short Interest in Armada Hoffler Properties, Inc. (NYSE:AHH) Grows By 37.0%

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,270,000 shares, a growth of 37.0% from the September 15th total of 927,000 shares. Based on an average daily trading volume, of 546,600 shares, the days-to-cover ratio is currently 2.3 days.

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now directly owns 27,149 shares of the company's stock, valued at $294,566.65. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now directly owns 27,149 shares of the company's stock, valued at $294,566.65. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel A. Hoffler purchased 95,238 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the transaction, the director now directly owns 266,647 shares of the company's stock, valued at $2,799,793.50. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company's stock.

Institutional Trading of Armada Hoffler Properties

Several hedge funds have recently added to or reduced their stakes in AHH. Adams Asset Advisors LLC bought a new stake in Armada Hoffler Properties in the first quarter worth about $329,000. Allspring Global Investments Holdings LLC increased its stake in shares of Armada Hoffler Properties by 4.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 293,440 shares of the real estate investment trust's stock worth $3,052,000 after purchasing an additional 13,570 shares in the last quarter. Naviter Wealth LLC purchased a new position in shares of Armada Hoffler Properties in the first quarter worth about $206,000. Principal Financial Group Inc. increased its stake in shares of Armada Hoffler Properties by 5.3% in the first quarter. Principal Financial Group Inc. now owns 369,976 shares of the real estate investment trust's stock worth $3,848,000 after purchasing an additional 18,692 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Armada Hoffler Properties by 15.0% in the first quarter. BNP Paribas Financial Markets now owns 35,590 shares of the real estate investment trust's stock worth $370,000 after purchasing an additional 4,639 shares in the last quarter. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Stock Performance

AHH stock traded up $0.33 during mid-day trading on Tuesday, hitting $11.19. The company had a trading volume of 745,401 shares, compared to its average volume of 473,892. The firm has a market cap of $993.48 million, a PE ratio of 120.56 and a beta of 1.03. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49. Armada Hoffler Properties has a 12 month low of $9.81 and a 12 month high of $13.11. The stock's fifty day moving average price is $11.60 and its two-hundred day moving average price is $11.27.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties's dividend payout ratio is 911.11%.

Analyst Ratings Changes

AHH has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a "buy" rating on the stock in a research report on Friday, September 27th. StockNews.com raised shares of Armada Hoffler Properties from a "sell" rating to a "hold" rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group lowered shares of Armada Hoffler Properties from a "buy" rating to a "hold" rating and dropped their price target for the company from $13.00 to $11.00 in a research report on Monday, July 15th.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the "Company") is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.